
Financial Terms Flashcards
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
Aaron Antram
Used 1+ times
FREE Resource
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34 questions
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1.
FLASHCARD QUESTION
Front
Amortization
Back
The process of gradually paying off a debt over time through regular payments.
2.
FLASHCARD QUESTION
Front
Annual Fee
Back
A yearly charge by banks and financial institutions to customers for use of their services.
3.
FLASHCARD QUESTION
Front
Annual Percentage Rate (APR)
Back
The annual rate charged for borrowing or earned through an investment, expressed as a percentage.
4.
FLASHCARD QUESTION
Front
Authorized User
Back
A person who has permission to use a credit card account but is not responsible for paying the bill.
5.
FLASHCARD QUESTION
Front
Collateral
Back
An asset that a borrower offers to a lender to secure a loan.
6.
FLASHCARD QUESTION
Front
Cosigner
Back
A person who agrees to repay a loan if the primary borrower does not.
7.
FLASHCARD QUESTION
Front
Credit Card
Back
A card issued by a financial company giving the holder an option to borrow funds.
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